IBC Advanced Alloys (CVE:IB) Stock Price Down 23.3% – Should You Sell?

IBC Advanced Alloys Corp. (CVE:IBGet Free Report)’s share price dropped 23.3% during mid-day trading on Monday . The stock traded as low as C$0.16 and last traded at C$0.17. Approximately 220,260 shares changed hands during mid-day trading, an increase of 350% from the average daily volume of 48,988 shares. The stock had previously closed at C$0.22.

IBC Advanced Alloys Trading Down 23.3%

The company has a debt-to-equity ratio of 343.32, a current ratio of 0.81 and a quick ratio of 0.18. The firm has a market capitalization of C$18.88 million, a PE ratio of -5.50 and a beta of 2.37. The stock’s 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.14.

About IBC Advanced Alloys

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IBC Advanced Alloys Corp. develops, produces, and sells specialty alloy products in the United States and internationally. The company operates through Copper Alloys and Engineered Materials segments. It offers various copper alloys as castings and forgings, such as beryllium copper, chrome copper, oxygen-free high conductivity copper, and aluminum bronze in the form of plates, blocks, rounds, discs, bars, rings, tubes, rods, and other custom forgings, as well as specialty copper alloy forgings for plastic mold tooling and resistance welding applications.

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